Housing costs in Livonia?
A typical home costs
$242,100, which is 28.4% less expensive than the national average of
$338,100 and 10.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Livonia costs
$1,360 per month, which is 23.6% more than the national average of
$1,100 and 10.3% more than the state average of
$1,220.
Can I afford Livonia?
To live comfortably in Livonia (zip 48150), Michigan, a minimum annual income of
$46,440 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Livonia?
The cost of living in 48150 Livonia, MI is quite reasonable. The median home price is just over $205,000 which gives buyers their money's worth. The median household income is also very decent at around $63,000. Property taxes are lower than the national average and rent prices are close to or below the average for Michigan in general. Additionally, utilities are at a manageable rate and the overall cost of groceries and day-to-day items remains relatively low compared to other areas of the country. All in all, living in 48150 Livonia, MI can be an affordable place to call home.